- Discover essay samples

The industry of fools

4.9 of 5.0 (94 reviews)

395 words

The industry of fools Page 1
The industry of fools Page 2
The above thumbnails are of reduced quality. To view the work in full quality, click download.

The industry of fools

The gambling industry of the United States has grown at a spectacular rate since the 1980's. Billions of dollars are spent on various forms of gambling each year from the $1 lottery ticket at the gas station, to the roulette wheel on the strip in Las Vegas. With this enormous growth has come a debate on whether gambling is a good public policy or an addictive, dangerous sport. I feel that gambling in America creates lower productivity, disrupts family lives, creates burdensome debts, and involvement in crime on many different levels.

Gambling is defined as "anything that puts at risk something of value on events whose outcome is uncertain". According to the American Gaming Industry, on average Americans wager $48 billion dollars on the gambling industry each year. Over eighty-five percent of this wagering took place in casinos that are now legal in twenty-seven states compared to twenty years ago when if a person wanted to gamble they had to go to Nevada.

Proponents of the gambling industry feel that this growth is a good thing and that it is helping the national economy. Also, defenders of the gaming industry insist that gambling is good clean fun, and that since so many people are enjoying this form of entertainment it can not be wrong. Furthermore, proponents are quick to point out that fun is not the only issue; in addition, these new casinos have created thousands of jobs. Not only have casinos created new jobs, but there has been an increase in tax revenue for the cities that have casinos. Indeed, the increase in tax revenues has helped to rebuild some rundown inner cities and river fronts areas. These people argue there is little reason to worry about gambling as most people will only lose a small amount of money and will have a fun time losing it. While these factors are relative and important, they fail to represent the negative impact of gambling.

Too many times the people that are spending their money gambling are the same people that can least afford to lose it. For instance, the lottery is most heavily advertised in poor neighborhoods where it is portrayed as a way out of poverty. Gambling is like a tax on the poor. The indigent who make under ten thousand a year ...

You are currently seeing 50% of this paper.

You're seeing 395 words of 789.

Similar essays

European Union

Spring 1999 was supposed to be the 's finest hour, as its Economic and Monetary Union finally got underway. Instead, the union was thrown into turmoil. After a scathing report suggesting corruption and mismanagement in the European Commission, all 20 commissioners were forced to step down. At the same time negotiations to reform the EU budget wer...

91 reviews
Boxing Should this unjustifi

Boxing - Should this unjustifi Boxing has always been a sport surrounded with controversy. It is known for its brutal nature, pitching two athletes against each other and allowing them to battle each other until one gain advantage over his opponent by rendering him unconscious. Yet this brutal sport still manages to attract countless fans despi...

184 reviews
Business A Ethical view

Business: A Ethical view From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive re...

26 reviews
The human mating game

Human Mating Game It?s a dance as old as the human race. At cocktail lounges and church socials, during office coffee breaks and dinner parties-- most blatantly, perhaps, in the personal ads in newspapers and magazines-- men and women participate in a ritual that has been embedded in our existence since the dawn of man. Beginning at young ag...

7 reviews

It is becoming a familiar scenario. A city or town in need of money and jobs finds itself confronting an idea that promises to bring plenty of both. This idea is bringing in legalized gambling to the community. 'All of a sudden it's like bang, legalized gambling is the biggest economic development force in almost every state in the c...

190 reviews
Atsisiųsti šį darbą